The fully automated AP program boosts efficiency at no capital cost to the hospital
Portland, Ore, June 19, 2013
Inworks® Servicing, LLC, a Portland-based financial services company specializing in revenue-generating AP strategies for hospitals and healthcare systems, today announced that its Strategic AP® program has helped West Georgia Health in LaGrange, GA increase supplier participation in their electronic payments system and increase days cash on hand.
WGH chose the Inworks Strategic AP program to fully automate and streamline its invoice processing and payment functions because the company's Intelligent Pay electronic payment platform and payment automation system offered the most comprehensive solution with no upfront costs. And, because Inworks was able to draw on its extensive supplier network and offer the broadest choice of attractive payment methods, it ensured the hospital maximum supplier participation. As a result, the hospital was able to improve its cash position by more than $3.5M within the first 90 days of implementation.
"Thanks to everyone at Inworks for helping WGH become paperless! I honestly never thought an automated AP system would be a possibility for us. You have made this happen!" — Julie Cook, WGHS Accounts Payable Coordinator.
The Inworks Strategic AP program helps healthcare systems maximize working capital through its AP automation and Intelligent Pay Cloud-based, electronic payment system, which streamlines the AP process and reduces administrative costs. The Inworks Connect private network of secure payments benefits healthcare systems and their suppliers by providing a broad selection of secure payment options, in addition to other unique services.
Inworks Servicing, LLC
About West Georgia
West Georgia Health, a nonprofit healthcare system, was established in 1937 as a 65-bed county facility and has grown to become the premier healthcare provider for the communities of West Georia and East Alabama. Today WGH offers a continuum of care from wellness to acute care, and from obstetrics to assisted living.
About Inworks Servicing, LLC
Inworks Servicing, LLC is a division of CollegeNET, Inc., developer of Cloud-based administrative and accounting technology for academic healthcare institutions, hospitals, colleges and universities. Based in Portland, Oregon, Inworks Servicing is headed by successful healthcare, banking and business professionals, and is founded on more than 30 years of electronic transactions expertise. The company provides a highly secure and reliable vehicle for electronic transactions and allows hospitals and healthcare systems to maximize their working capital while building stronger relationships with their suppliers.
For more information about Inworks Servicing, LLC, please visit inworks.com.